- Northern Dynasty Minerals (NYSE:NAK +0.7%) unveils a revenue sharing program it says will ensure local residents benefit from the operations of the proposed Pebble Mine in Alaska.
- The company says it is launching a profit-sharing plan to distribute a 3% net profit royalty interest from the copper, gold and molybdenum mine.
- The mine will not make a profit during its initial years of construction, but Pebble says it will provide $3M annually during that period to ensure a dividend.
- An Alaska Native corporation opposed to the project says the dividend program is an attempt to win support in a region that has rejected the project.
- Northern Dynasty shares have been rising since the Environmental Protection Agency declined to pursue "elevation" under the Clean Water Act over the Pebble Mine.